Aviva has appointed Amanda Blanc as chief executive on a £1m basic salary to take over from Maurice Tulloch who is stepping down for family reasons after 14 months.

The Association of British Insurers has named Allianz Insurance chief executive Jon Dye as its new chair following the sudden resignation of Amanda Blanc last week.

Senior industry executive Amanda Blanc is to stand down from her roles as CEO EMEA of Zurich Insurance Group and as chair of the ABI after nine months in both roles.

A new independent report commissioned by the Association of British Insurers has urged the dismantling the barriers to women moving up to senior roles in the insurance and long term savings sectors.